- Vulcan Materials Co bearish trend is facing a possible turning point at $181.42
- Blizzard's upper Bollinger Band® is at $78.04 which indicates a further downward move may follow.
Activision Blizzard made an initial foray below its 50 day Simple Moving Average around $75.28. In contrast, a convincing break of this target could pave the way for deeper losses. The lower Bollinger Band® of Blizzard is at $74.7.
In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Blizzard.
Despite being in the red so far in the current trading session, Vulcan Materials Co peaked above its 3 day Simple Moving Average around $182.14 — typically an early indicator of a new bullish trend beginning to emerge. Bearish run for Vulcan Materials Co is facing a possible turning point at $181.42, which is only $1.14 away. If this support line fails to hold, the next target will be at $180.27. On the other hand, note that Vulcan Materials Co is currently flirting with an active Fibonacci support level around $181.38. Vulcan Materials Co's upper Bollinger Band® is at $184 which indicates a further downward move may follow.
Overall, looking at the technical analysis landscape, although technical indicators are mixed and pointing in different directions, it seems Vulcan Materials Co is set to appreciate despite today's setback.
Visual analysis of Lloyds Banking Group's chart shows that Lloyds Banking Group is eyeing the $2.4 support line. Trend-following investors would be interested to note that Lloyds Banking Group's CCI indicator is above +100. According to momentum evaluation, the Relative Strength Index indicates Lloyds Banking Group is in an overbought condition. Analysis based on the asset volatility indicates that the upper Bollinger Band® of Lloyds Banking Group is at $2.44.
Overall, while Lloyds Banking Group has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Fundamental indicators – United States NY Empire State Manufacturing Index (Jan) released yesterday at 13:30 UTC with a figure of -32.9, while the previous figure was -11.2.
Upcoming fundamentals: United States Producer Price Index projected to come out at -0.1% — worse than previous data of 0.3%; data will be released today at 13:30 UTC.